Mr. Ralph Shearing reports

GOLDGROUP ANNOUNCES DIRECTOR RESIGNATION

Goldgroup Mining Inc.'s Javier Reyes has resigned from the board of directors of the company for personal reasons, effective Jan. 26, 2024.

Mr. Reyes was appointed to the board in May, 2013. The company thanks Mr. Reyes for his valuable contributions during his board tenure and wishes him every success in his future endeavours. Ralph Shearing, chief executive officer, commented: "Mr. Reyes has been a valuable member of the board and we have greatly benefited from his knowledge and experience. On behalf of the board, management and the company's shareholders, I wish Mr. Reyes and his family all the best in the future."

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based mining company that owns and operates the Cerro Prieto heap-leach gold mine, located in the state of Sonora, Mexico, and is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance and exploration in Mexico.